Adcore Stock Price, News & Analysis

Adcore Inc. (TSX:ADCO)(OTCQX:ADCOF) announced a significant milestone with its subsidiary Amphy launching a social commerce feature, enhancing user engagement by allowing group class bookings at discounted rates. This feature positions Amphy as a leader in live online learning with over 1,000 classes available across 70 categories. CEO Omri Brill notes that this growth exceeds expectations and will foster community engagement among learners.

Adcore Inc. has established a wholly-owned subsidiary, Adcore US Inc., to expand its operations in the U.S. digital marketing sector, which is projected to reach $304 billion in ad spend by 2025. This move follows the company's recent commencement of trading on the OTCQX and obtaining DTC eligibility. CEO Omri Brill emphasized that the U.S. represents a significant growth opportunity and aims for increased activity in the market by Q4 2021. Adcore has rapidly expanded globally since going public and plans to leverage its digital marketing solutions for U.S. clients.

Adcore Inc. (ADCOF) announced the launch of its Adcore Marketing Cloud (AMC) on September 22, 2021. This new platform integrates four applications into a scalable cloud-based solution, enhancing the digital marketing experience for customers. CEO Omri Brill emphasized the milestone's significance, stating it will improve revenue generation and support third-party integrations. Stakeholders are invited to a live webcast for a detailed overview and demonstration of the platform. Adcore aims to empower businesses through its innovative advertising management solutions.

Adcore Inc. (TSX:ADCO)(OTCQX:ADCOF) will be featured on Money Talks With Michael Campbell on September 11, 2021. The segment will highlight the potential of the Education Technology sector and the launch of Adcore's innovative platform, Amphy, which offers diverse live online classes. Amphy connects local educators with a global audience, providing flexibility in pricing and scheduling. Since its soft launch, over 300 teachers have been onboarded, offering 1,000 classes across 70 categories.

The company also discontinued its investor relations agreement with Virtus Advisory Group.

Adcore Inc. (ADCOF) reported a robust financial performance for Q2 2021, with total revenue surging 250% to CAD$7.0 million, compared to CAD$2.0 million in Q2 2020. Year-to-date revenue also rose by 232% to CAD$15.6 million. Adjusted EBITDA increased 189% to CAD$1.5 million. The company’s working capital grew by CAD$5.3 million, totaling CAD$13.1 million. A significant highlight was the launch of Amphy.com, a live learning marketplace, which onboarded over 200 teachers and offers 800 classes. Adcore also raised CAD$4.1 million to fuel future growth.

Adcore Inc. (TSX:ADCO)(OTCQX:ADCOF) announced it will release its Q2 2021 financial results on August 10, 2021, after market close. A conference call will follow on August 11, 2021, at 8:30 a.m. ET to discuss these results. The company leverages digital marketing through its advertising management platform, promoting 'Effortless Marketing.' With a presence in key global markets, Adcore is recognized as a Google Premier Partner and has been featured on Deloitte's Fast 50 Technology list.

Adcore Inc. announced the appointment of Oded Orgil as an independent director, succeeding Jason Saltzman, who remains as Canadian legal counsel. Orgil, the founder of 5X Capital Management and CEO of Ocean Falls Blockchain, brings extensive experience from positions at Gravitas Securities and Canaccord Genuity. CEO Omri Brill expressed confidence in Orgil's contributions to the company's board. Orgil will also join the reconstituted audit committee, enhancing Adcore's governance and strategic direction.

Adcore Inc. (TSX:ADCO, OTCQX:ADCOF) has launched Amphy, a 24/7 live online learning marketplace, supported by a recent CAD$4.1 million public offering. Amphy, which offers over 800 classes across 70 categories, aims to connect local teachers with a global audience, providing a robust platform for both educators and students. The platform emphasizes real-time interaction, allowing personalized feedback and fostering a sense of community. Adcore's investment and expertise position Amphy to capitalize on the growing demand for online live learning experiences.

Adcore Inc. has announced that its common shares are now eligible for electronic clearing and settlement through the Depository Trust Company (DTC) in the U.S., which is expected to increase accessibility and liquidity for U.S. investors. This change simplifies trading by reducing costs for investors who may have previously faced restrictions. Additionally, all items on the agenda at the recent annual and special meeting of shareholders were approved. Adcore is recognized for its e-commerce advertising management and automation platform, enhancing digital marketing efficiency.